# How to Get a Commercial Real Estate Loan

> How to get a commercial real estate loan from Riverside Park Capital: what we need for a first look, the steps from application to closing, and the documents underwriting asks for later.

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## Quick answer

Apply with the deal basics, review preliminary terms, sign the term sheet (the portal also asks for the credit report fee), then upload the documents on your checklist for underwriting, appraisal and closing. Closing in as little as 30 days, subject to underwriting, diligence, appraisal and title.

## What we need for a first look

To issue preliminary terms we typically need the property address, the asset type, the requested loan amount, the purchase price or current value, your business plan and your desired closing timeline.

**Where it fits:** This is only what is needed for preliminary terms, which are an estimate, not an approval. Underwriting documents are a separate list that comes later.

**Example:** Underwriting documents depend on the property. Typical items are a photo ID for each guarantor, entity documents, and leases or a rent roll and bank statements. Your portal checklist has a slot for each one.

**Fit check:** The biggest factor you control after the term sheet is how quickly the checklist documents come in.

Ready to start? Begin an application.

## Loan parameters

- Loan size: $100,000 to $15,000,000 for purchase and rate-and-term refinance; cash-out refinance up to $5,000,000
- Loan type: Commercial Real Estate

## Eligible assets

- Multifamily (5+ units)
- Mixed-use
- Retail
- Office
- Industrial and warehouse
- Self-storage
- Cold storage
- Hotels and motels
- Data centers

## Underwriting guidelines

- 1. Tell us about the deal
- 2. Preliminary terms
- 3. The term sheet and the credit report fee
- 4. Your document checklist
- 5. Appraisal
- 6. Underwriting
- 7. Closing

## FAQs

**Q: What do I need to get started?**

To issue preliminary terms we typically need the property address, the asset type, the requested loan amount, the purchase price or current value, your business plan and your desired closing timeline.

**Q: What documents does underwriting need?**

They depend on the property and appear on your checklist after the term sheet. Typical items are a photo ID for each guarantor, entity documents, and leases or a rent roll and bank statements. This list is separate from what we need for a first look.

**Q: How long does it take to close a commercial real estate loan?**

Closing in as little as 30 days, subject to underwriting, diligence, appraisal and title. Larger or more complex transactions can take longer. Closing in as little as 45 days for qualified SBA transactions, a separate program.

## Related

- [Commercial Real Estate Loans](https://riversidepark.capital/commercial-real-estate-loans)
- [CRE Loan Requirements](https://riversidepark.capital/cre-loan-requirements)
- [Request Financing](https://riversidepark.capital/find-your-loan)

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Source: Riverside Park Capital - https://riversidepark.capital/how-to-get-a-commercial-real-estate-loan